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Nonprofit may move offices downtown

September 23, 1999|By KERRY LYNN FRALEY

The Hagerstown/Washington County Industrial Foundation may move its offices to downtown Hagerstown, President Merle S. Elliott said at the group's annual board of members meeting Thursday.

The not-for-profit development organization known as CHIEF is considering the move as part of a continuing effort to seek ways to cooperate in downtown revitalization, Elliott said during a report on the agency's activities during the past year.

CHIEF has continued to deemphasize its involvement in industrial parks "for a number of economic reasons," Elliott said.

The focus is being directed more to where CHIEF can address needs in the community, like revolving economic development loans and working closely with the city and the county, he said.

Elliott's report included updates on CHIEF's Interstate, Newgate and 70/81 industrial parks and Airport Business Park, at various stages of development.

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As of May 31, CHIEF had a little more than $1.6 million in cash, about $2 million in real estate holdings and a little over $300,000 in liabilities, Treasurer Andrew G. Hoffman reported.

"The corporation is in pretty good shape," Hoffman said.

The annual meeting is also when the board of directors election is held and board of members vacancies are filled.

Three board of directors members' terms expired as of the meeting. Elliott recommended those members - Norman P. Shea, Philip Rohrer and Ross H. Rhoads - be nominated for reappointment for three-year terms. They were.

No other names were put forth, and Shea, Rohrer and Rhoads were unanimously approved.

Elliott said he didn't see a need to fill the one or two vacancies on the board of members and consequently didn't have recommendations. No nominations were made.

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